Precious metals are a class of metals that, while being rare, also have certain qualities that make them desirable to people for a variety of reasons – For instance, their ability to make beautiful jewelry. Eight metals are considered precious: gold, silver, and the six metals of the platinum family (palladium, platinum, osmium, iridium, ruthenium, and rhodium). These precious metals are also known as “noble” metals because they have exceptionally high surface lusters and do not rust or corrode, enabling them to last for a very long period of time, retaining their initial shine and beauty.